Preamble

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I qq sT{ssr sq{ fri r,1|rfi{qfafalnr ur ia'i1* ar<u r, xcrl[_td-hI6. cr f{ff rrq qkqir{ d cifiqlfq( r< siTn. t' I I I Fmrmt qF r.1. :. .ij \.. fqr6rtuet{Eff qnfr f.Tarrdf . .'.. -?, ({. ' .1.:: (e) . , .,.: (qi (s). (.r)l (ur) dt dEcT ilsT t rdr r$IT ; qrn'{r<efrfr1, *ifri{sT S fimfi -. * Ana qfis sle * qors t1 At ; ftq !ilri rcrivffiTq1,fi esrn; cl i.' :. . ;! :': t\ i',,'.'l.-- -- . |'. ,- rl1 . :: .'iir:.:ir.:;:',.' :q;...: :. - r-'.J-'1 ; .'t: _: . :i. zlai nffi . 'F+tim so '., l E;agoeffie* (w.).-qr I l;#,: m s.ryi{,nu + * i,1 ..1 fiTrf,, frTifi Jo r-** ,rs; rgrut { ^tTfeqitFmfuaprn ' '' . -"*':r'r' trrc{E[Frr.affia sas *ue 1a) m. q*;j ril *r";..!''l 3l'f ffi+{, tsaz (arin r7 $il r oa"r) *o #*i q*u.* rr_v.qrrn qr\ fltrncril t , ..' iT4ADIIYA PRADESH ACT Nc tit, " .'j i *reil+ rrqr mTFril r" tt' r.,'..1 d;':: Y.. ,.. ): t TdANAG t, jnd [Corporrtion oi'l nqse{:rq[Il F€i6 so ar€f( :rV-BUSTNESS AND BORROWTNO Of ,TI:8, NIOAry 18, Business wirich the Nigam may transaet. 19; . Borrowing power of the Nigam. ' ,r: . Other sources of funds. ,r,;i{, . ,i CIIAPTER V_EXECUTION OF PROJEdN r . 21. Execution.of works. VI_FINANCIAL ESTMATES,' FUNDS AUDIT submission of programme of activities and fineneiat estimates. Funds of the Nigam. Preparation of balance sheets etc. of, the, Nigam, Allocation of surplus proflt. Retyrns. ., CHAPTER VI_MISCELLANEC}US 28. Power of State Government to give directions. 2tl.' . Transfer of Government employees to the Nigam. 3t); 'Liquidation of the Nigam. -: 31. Indemnity of Director. 32.,',..Difects in appointment of directors not to,invalidate acts; etc 33. Staff,pf the Nigam to be public servants. AITTD i-lil.i\ j1.tr.';rr: 22. ' 23. 21, ' 2;. Zri. 2'i. ,i -a i 'r: o;; Tllnrqir ffi6 ,ro ,982 MADHYA PRADESH ACT r* VIKAS NIGAM ANrrrWTY. AM, 1982. [Eeceived the assen, fffiJli.i.j;t ";n:n" .,*""","i:=:,; ,-;";1*'"j","0n" , sazj *u* dated the.B0 OctoUer irrjj _ __-_ vvvuruur on rhe,.J0th,Octobbr IgB2; asdent, ,tS i r ry. ioh y a pr a d e s; . a ;;" I;'iil'ii, o, r,,, "o1,, tr. . ,uruuer lVAZ,l An ad b,establish t to d.eitetn,r^_ :_2orI,oration lor the etecution of Droieots |f,":#":y:I:y,i:*"#i'iJ,'"f oz:#Iffi :f ,;#:ni;*!r^?iy: thereuith., ';;:I#::;;a;,:;;;;:;,lX,if nl,"ffll!:r,#ff :I?:,_,:i:y niatters coutccteil ""'"',?rll,tli',ifl ,l'"fli,ffi::l:,,:T.ttLegisratureintherhirty-ariro .i.. '.,,/ CHAPTER I_PRELIMINARY l' (r) nris Act mav ue cauea th" y:gr;;;;;;.r Rajva pashudhan Evam Kukkut Vikas irligrrn afriJv"_, 1982. (2) It e*ends to the whole of the gtate of Madhya pradesh. .. : / 2. In tlis Act, unless the context otherwise "uquire., , , ' (i) a banking company as defined in thq banking Begulation Act (ii) a schedures bank as defined in the Reserve Bank of rnai" : (iii)_a T::."-, bank a"' defined .in the Madhya pradestr uo_opsrative Soeieties Act, (No. 1? ,; i;; , ^ l,oly*, (b) i'Board" meap5 ,r" ""* ;il;;;" ;;"* constituted ndersectionli r, '(c) "fina:ciirg institution,, means any statutorv ' ,., .. other body corporate "riiui.rrJo 1,"ffiH{#:il0[:i: :i th" objects of fJ:e no.n.irg "f oeri.utir.".i, India dnd whiqh is notified uy trr" itut. couuirrr*ill*-ojru a.financingi , institution for ,f.,u *"p*J, of this Act; (d) "rand': sha, have the'r;;.-;"';;' ., assigned ,ol *.* : Short title atd extCD!. Definitions. .'?;-.:I[s-iir,zg Rajya p"rlruCUr"n Evam Kukkut Vikas N, , (g,,","j..;,, r"1, ;ffi;"::":"':ffil:, #ri;,",,*olo; , , .l-',1 ,(s) "reeiutations" *"rn, ."*;Lr,;;; *"0. o, the Nisam ,.rd""l i; :,.,,ii . 'i,.. ,: - ;s€ction i ., .-., . ....1.. ,;. .i. ;: . ;SeCf,lOD Ug I .,r'.,.i.,,i,. , a 1... ,=-T"ns_a._period.corjrmencing_tr_om-ths_ , ',, ending on the B0th June every Va*. ,--- =Pq-(\jxqrr, tamr6 so qrqan t9B2 cH-4lqE R,rI=PFTo"; ', :. .",1,; .-i ',' ..: . 'i.4,:', The head offiee of the Nigarn shall be at Bhopal. Hearl ofrce of .' '-,':', ': ; ' ifieNigam. ,' .'!...,, (l) The authorisec.l capital of the Nigam shail t ;il:"tfi#:-c;;';;:;,;H'* ile state -co,",n*"#j:;: ;:jijil $ifjk: or ,, .. i.. :. .. r .'.(2).In 'respect oJ such ,r-'". may.be provided by the state Govgrnment as eapital "t il'r"'""iooration, the state Gov.ernment shall . heVe-lo*er. to impose such terms orla "onditiop. ;,l; *.y O9q* nt. ,,. ' .I, .:i.l''::: .'.- ' '.l ..,.,,.cHAPTERIII_MANAGEMENTo;.THENIGAM :- 6'
2. (1) rne genera| superintend.n."l_direction and management s1 Manasernent. the affairs and busine:i of the Nifi shalr vest ii ilr"-to""d of Directors w-higlr,may. exercise a[ such pr*1.?ancr do a]r such aets ana things.ad m.ay be exercised or do.ne ty tfre Nigam under this Act. ' (2) The Boarcl of Directors, in performing its functions shall act on business'trr*inei'ples, regard u"iig - i"a to prittic ini";"rt, and sha, bs ,,.: . :. suided bv such rrirecrlons oi-[u'"rti'Jri" ;;"fir; #';;;, from time to t I:1 t. sryeir [o it by irr"-StJt" c""ernment. . , t'. : r | '7''(1) The Boarcl of Directors of te Nigam shall consist of the'cn;r.s,itution of |fiH1n* j';H[il::,b;;J;;;"&:;-*T';XH,iTffi *'Tii.l";u Gl-,1t; _t"*".lr"r_tq Government of Madhya pradesh, Animal . I|:|o!- ]na*ment and if there be no Secretary,, then .. ,,, , , 3." Y"1al Secretary of that Department, whu .i_rr,f m ,:l ,, (ii) The : Secretary to Government, Madh5ra pradesh Finance . Department or his nominee not below the rank of Deputy 'i,,, ' Seeretary ; 'lGii) 'or.""ror, vete.in".y Services, MarJhya pradesh i . ,i, . i 0:l Tn" Registrar of Co-operative Societies, Madhya pradesh: ff:f'{L1:Xl;tli fffH, as the rvraor'v'-p'iili''*"i'ril:h"ii'dff iliJ,,,'rJ.:ili' 'r ,' :iig,r:*,, ,..," ::;:-. . ' - ' '-: ':-deth i{ajya - 2466, rqfl q, JU lq,ir( I982 (vi) one Director to be non represent banks and Jilfi J;rn"r::r" Goverlmenr to rvii) on; ?:::y ll:" speciar knowtedge or p"actical experience .-rn respect of tivestock . and poultry ai*r"p-""i. ,i1.* . nominated by the State Eovernment; . .-''--""1; :] 1l (viii) two eirectors having practical expgrienca io ;6#;ri, "r livestock and pouitry production ,rO ..r"i",r* ,r, * .r,--. - romir"t"d by the State Government ; , :-- '.'--.--", . ., , ,. . t'.' "?J,"JJT:Ifl:;;"::"::Tcrured caste or schedured rribes ri*.i8"rl'rri' .o;;r[:]":* in reipect ot matter relating.to Government; . - r to be nominated uv trrg S-tit. Digquslificstion o /r\ r filffi"ftn ",,"Y;"!l',i,Ii'iix oi[1' " fi..l'#:],ff j,f,[Jr' nominated or (4 if hejs, oI 1t gny time has been adjudicated insolvent or has . suspended p"vr,*l "i lri. j" hit;dl1;"J;;;!,1 u'rrs qebts or has compounded wiih (b) if he isrf unioLrnil n:incl stands so cieclared by " .ornp.t*t court ; or (x) one represen_tative . from the Jawaharlat. irlehru._Krishi , ,: Vishwavtdr{ay1. to ue appointia* [r.,i*ru covelnmeat on ' (2) The Chairrnan the pleasurs o1 ,1," ",r,1,1-?.-lominated Director shall hold odt"" iu"i,g shalinot ";;";;;;;;'orrtv nominating him but the ternr of his offic! ,," c_r,"r"_,,1;; ;*,Tj,:ffi,::i::,-" -"1 ,:,tn""tio" or ru. *.il""tioil any time, uy rr.itlrr 1"""!'Lq u*EcL(rr nrav' horveve'r, resign his office at ,ri ,r.," 6rij".il;i; letter under his hand to the Stati, C"""""*"ri "r".ti"" ;ffi ;iil ff,:,:r:iJli#spectivery and the resigr,: atio-n #ii.;; (c) if he is, or has bben convjcted of any offence under the prevention of Cnretr,z to An in.rats a"i," rgi,i-iir", s; of t r00), the centr,,l province-s "i:r B-e:;lit";ii"i jiiiir,*. oo, r91s (rV of rei5). or rlre -Madhya -i;;;H eg"icuurrar centrar covernment or the s;"L;.#bi1 ,.::, (d) if he is removed or dismissecl from the service of . the Government or a Corporation o*"j oi' "oii"off-"a ,ty tr.," . Centlal covernrnent or thi Srate d;;;;;,;;"' , 1g1 it li acts in any manner prejudiciar to the interest of the NiCaT ?I has any .interesi in any body, institution or, organisation whose e:tivities *" pr""lrallji #":;;";# oi the I.Iigam. (2). iI :. Director of the Nigam becomes disqualifications _mentiohed in ruE].."tion (f), Director .o! thg Nisurn *iiiln;it'_from_the-dr rcthe Stare-Covern;;r;;. -' - su6ject he slialt to .any of the cease to be a .cqrd'll ;TTj,:*':::: o" ' "o'in"i"j #;t;;; ;:;:; {sq?,.F<tir ro '.94Q, Vacadon of . .,l], . (U "ir6"fiffB1r.rci, tci. any cir the disqutrifiihtipns meiitloiied in #A B?!&XT: (b) is absent without leave of the Board fon more than three " "' . UoihsecUfiv'ti meeti.rigs thereof r,rrithott cjuse stifff,fliCilt iit the ' obifiion ;i'iil ai;iE-io.r""r,*ent to bi<iheiate hi6 eosence, shall be deemed to have vacated his office from the date of notification to this effect and thereupon his seat shall , . ltecome vaeant ., ,(i),i b"ire$or wt-rose office has been declaned vacarit under sirb-section (l) shall not be eligible for renomination to the goard as a ,-,- ,J6. (rl e Mgnagtng Director shall be appointed by the State MasagirgDireo. , Government and he shall- tor. . (i) be a vrhole time officer of the Nigam; . mAy deldlrite <ib eiitiust to him; (iii) receive such salary and allowances ind be governid by such terms and conditions of service as the Nigam nray, with the :. approval of .the State Goverlrment, determine: Chalrman. illariacins Director or anv other Director who is a Dlinister or hbi'diif irn tma'd-ai"tne statd Gover-nment br bf the Central Goveniment. , '.'- - .. . _ 13. (1) Ihe Board shall meet at such times and places and shall Meeting obdtsrvb'i,i;h'i{it3ri oi iiioieduit in reghrd icj trinslctibri oi ih6 tsrii{ness t}oard.- , , at its meetings as may be provided by regulations : :: ' ' Pr'dvided that thd Board shall meet atleast once in every tlrree rnont}s' may be provldecl by regulations. fbr il or of any of its corhtnittees and for Nigam: no feri ShAll be pdyable uniler this seEtion to the e dhai"man of the Board or, in his absence, any oihbr dir'ector tlre directors present at the meeting 5fixlr fireside over' ihb (3) A1l matters which come up before any meeting of the Board shstl be decided by a majority of the voies of the Director present aud voting and, in case of "qtr"tity of votes, the person.presiding of the meeting shall have a second or castinq vote. (4) In case the Board deems necessary to seek the advice or opiaion of any person on any particular matter, the Board may invite-such'person . to atiend any meeting of the Board Such an invitee shall lrave a rignt to participate in aiTy discussion but shall have no right to vote at the. meeting.i. oo aln€.r dth. 14, (1). The Board may constitute one or more executive commlttees Bot d consisting of such number of Directors as may be provided .by the regulations for discharging such functions as may be delegated to it by -.11,.-; the Board. ',i' (2) I'I-re Board may constitute such committees, whether consilting ' : wholly of Directo:s or wholly of other persons, as it thlnks fit, for such . purposes,. related to the activities o{ the Nigam as it may decide, ,. (3) The members cf a committee other than the Directors of the Nigim shall be paid by the Nigam such fees and/or allowances for attending its meting and for attendinS t9 atry other work of the Nigam as maY be Pmvided bY regulations. Mcobcr of Bozrd